I'd agree with you Ausprop that we are not going into a boom of the proportions of the last, where prices more than doubled.
I do believe that in strategic locations we will see growth something like this
FY cg
2007 15-30%
2008 10-15%
2009 5-10%
2010 5%
2011 4-5%
2012 4-5%
My reasons are...
Peter, I was in Mont Albert and Blackburn North. I presume Melbourne has pockets of heat in the more strategic burbs, and it appeared to me that Melbourne is around 2-3 months behind the trend in Brisbane, which is more ubiquitous.
Who is in the best position to identify a rapidly rising market?
REAs
Why don't they incorporate that information into pre auction quotes?
they act for sellers not buyers
bait pricing works in the seller's favour.
Bait pricing draws bigger crowds to auction. Bigger crowds with more bidders...